MASONIC FOUNDATION OF UTAH (EIN 870261722) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

G KEITH ODENDAHL

Phone

8013632936

Tax Period

2024-01-01 to 2024-12-31

MASONIC FOUNDATION OF UTAH is a small nonprofit that reported $407K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $347K left a modest 15% surplus.

Mission

THE ORGANIZATION'S MISSION OR PURPOSE IS TO PROVIDE SCHOLARSHIP FUNDS FOR QUALIFYING INDIVIDUALS IN ORDER THAT THEY MAY ATTEND COLLEGE IN THE UTAH AREA GENERALLY. IN ADDITION, THE ORGANIZATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS THAT PROVIDE FOR THE PUBLIC WELFARE AND MEDICAL RESEARCH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,519

Program Service Revenue $0

Investment Income $400,471

Other Revenue $0

TOTAL REVENUE $406,990

Expense Breakdown

Grants Paid $324,867

Salaries & Benefits $15,434

Fundraising Expenses $0

Program Expenses $324,867

Other Expenses $6,356

TOTAL EXPENSES $346,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,990	$256,796	+0.6%
Expenses	$346,657	$226,552	+0.5%
Net Income	$60,333	$30,244	+1.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$14,337

Total Directors

$14,337

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORENZO E TIBBITTS	SECRETARY/TR	10.00	Officer Director	$14,337	$0	$14,337
FRANK C BAKER	DIRECTOR	2.00	Director	$0	$0	$0
RIDGELY H GILMOUR	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
G KEITH ODENDAHL	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID B TINGEY	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$406,990	$346,657	$6,550,012	$60,333
2023	$256,796	$226,552	$6,207,962	$30,244
2022	$130,268	$318,244	$5,561,328	$-187,976
2021	$374,897	$328,209	$6,986,542	$46,688
2020	$172,688	$312,201	$6,561,471	$-139,513
2019	$287,947	$320,720	$6,157,719	$-32,773
2018	$370,245	$340,730	$5,424,605	$29,515

MASONIC FOUNDATION OF UTAH